Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Great American Insurance Names Niehaus Property/Casualty Sr. VP
Sep 25 2015 // Great American Insurance Group based in Cincinnati, Ohio, has named James (Jim) R. Niehaus was named senior vice president and chief information officer of its Property and Casualty Group. Jim Niehaus Niehaus joined the...
Intellectual Property: Case of the Monkey’s Selfie and Animals’ Copyright
Sep 25 2015 // A macaque monkey who took now-famous selfie photographs should be declared the copyright owner of the photos, rather than the nature photographer who positioned the camera, animal-rights activists contend in a novel...
CoreLogic Adds Probabilistic Flood Model to Risk Management Program
Sep 25 2015 // CoreLogic, a residential property information, analytics and data-enabled services provider, has released an expanded version of its natural catastrophe risk management program, which features a probabilistic flood model...
Construction Defect Analysis for Occurrence and Manifestation Occurrence Form Policies
Sep 21 2015 // The commercial general liability (CGL) policy is the standard insurance policy used for construction liability risks. Because of this, a question often arises as to whether or not the policy that’s in force when the...
Florida Issues Citizens’ 2016 Commercial Lines Rate Order
Sep 18 2015 // The Florida Office of Insurance Regulation has issued an Order establishing the 2016 commercial lines rates for Citizens Property Insurance Corporation (Citizens). The overall estimated statewide average rate changes are...
Intellectual Property News: KitKat, Williams Sonoma, Whole Foods, Skechers, Segway, GoDaddy, Apple
Sep 18 2015 // This wrap-up of recent intellectual property cases covers chocolate bar shapes, cookware designs, sneaker similarities, Korean TV copyright device, Quizno’s commercials, personal transporter technology, Oscar award...
Underinsurance of Property Is Growing Global Challenge: Swiss Re Report
Sep 15 2015 // The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that period, according to Swiss...
Report: Florida Cities Most Vulnerable to Storm Surge
Sep 15 2015 // Four of the top eight cities most vulnerable to a major storm surge are located in Florida, according to a new report released by Karen Clark & Company (KCC). The 2015 “Most Vulnerable U.S. Cities to Storm Surge...
TDI Posts Summary of Bills Affecting Property/Casualty Insurers
Sep 9 2015 // The Texas Department of Insurance has produced a summary of various bills passed by the Texas Legislature this year that impact property/casualty insurance companies. Many but not all of the following were effective Sept....
Florida Approves Citizens’ 2016 Rates With Minor Adjustments
Sep 9 2015 // The Florida Office of Insurance Regulation has approved a slate of 2016 property insurance rates for Citizens Property Insurance Corp. In an order signed September 8 by Florida Commissioner Kevin McCarty, FLOIR set the...
ACE Names Leaders for New Chubb Business Units, Major Product Lines
Sep 8 2015 // ACE Limited today revealed the leadership teams for the company’s North American business units, including national accounts, middle market, small commercial, high net worth personal lines, wholesale/excess and...
Up to 280,857 More Policies Approved for Removal From Citizens
Sep 7 2015 // FLOIR has approved the removal of up to 279,357 personal residential policies and 1,500 commercial residential polices from Citizens Property Insurance Corp. by the following seven companies: Anchor Property &...
Hurricane Katrina: Every Number Tells a Story
Sep 7 2015 // In a 25-year span leading up to 2005, homeowners insurers in Louisiana wrote a total of $13 billion in homeowners insurance premium, from which they earned $1 billion in profit, according to the chief actuary at the state...
Top 3 Trends that Can Affect Residential Property Valuations
Sep 4 2015 // This post is part of a series sponsored by CoreLogic. Accurate property valuation is critical to insurers as well as homeowners. In the event that a property is undervalued, insurers lose out on premium revenue while the...
Surplus Lines Posts Record-Breaking Year for 2014
Sep 4 2015 // The surplus lines industry broke records in 2014, growing direct premium written (DPW) in 2014 to $40.2 billion — the highest point in history, reports A.M. Best’s “2014 Special Report U.S. Surplus Lines –...
Lighthouse Property Insurance Adds Gomez as Texas Marketing Rep
Sep 3 2015 // Lighthouse Property Insurance Corp., based in Orlando, Fla., appointed Maureen Gomez as marketing representative for Texas. With more than 22 years of experience in the insurance industry, Gomez has held marketing,...
Beecher Carlson Adds 2 to Northeast Property Operations
Sep 2 2015 // Beecher Carlson Insurance Services LLC, a specialized large account insurance broker and a wholly-owned subsidiary of Brown & Brown Inc., hired Molly Nolan as Northeast Property Practice leader in Boston and Evan Bull...
NFP Acquires Insurance Management Associates in New Jersey
Sep 1 2015 // NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today that it has acquired Insurance Management Associates (IMA) in Voorhees, New...
Penn. Advises Homeowners to Reduce Property Hazards, Avoid Coverage Loss
Sep 1 2015 // Pennsylvania Insurance Commissioner Teresa Miller is advising consumers that the Pennsylvania Insurance Department is available to help homeowners adhere to reasonable requests by insurers to make their properties safer...
Hiscox Appoints Giralt as Head of Property for Miami MGA
Aug 28 2015 // Specialist global insurer Hiscox has appointed John Giralt as head of Property for its Miami MGA operation. Joining from Catlin XL where he was a director covering the Americas, Giralt was responsible for managing the...
